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India Flash: June WPI inflation softens, but elevated food prices may keep the RBI cautious on imminent rate cuts

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Published on Sunday, July 15, 2012

India Flash: June WPI inflation softens, but elevated food prices may keep the RBI cautious on imminent rate cuts

Indiaâ€™s wholesale price inflation softened in June to 7.25% y/y from 7.55% in May as a let up in fuel and non food articles offset elevated food inflation.